Investors in Nigerian HR-tech startup Bento Africa were left stunned after CEO Ebun Okubanjo abruptly resigned and relinquished his stake in the company without prior notice. His departure follows allegations that Bento failed to remit millions of dollars in taxes and pension contributions for its clients, raising concerns about financial mismanagement. Investors revealed Bento had long been opaque in its communication and lacked transparency, with minimal reports or updates. Now, with unresolved financial obligations and no clear successor to the CEO, Bento faces the challenge of rebuilding trust and addressing its governance issues.
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